Employers worldwide are undergoing a market shift that is expected to affect the supply and demand for skilled talent over the next decade, according to a study conducted by Oxford Economics in partnership with Towers Watson.

The study finds that there is a race between technology and education as technology increases demand for highly skilled workers and emerging economies are growing their supplies of talent through wider access to education.

As employers are expecting more complex skills, labor shortages are predicted in many mature markets, such as the United States, Germany, Canada and Italy. There is also a surplus of skilled talent expected to emerge in Brazil, Colombia, India and South Africa.

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